Segment Wealth Management LLC Has $1.38 Million Stake in KKR & Co. Inc. (NYSE:KKR)

Segment Wealth Management LLC boosted its holdings in KKR & Co. Inc. (NYSE:KKR) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,350 shares of the asset manager’s stock after buying an additional 500 shares during the period. Segment Wealth Management LLC’s holdings in KKR & Co. Inc. were worth $1,383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ballentine Partners LLC increased its holdings in KKR & Co. Inc. by 1.2% in the fourth quarter. Ballentine Partners LLC now owns 5,721 shares of the asset manager’s stock valued at $846,000 after purchasing an additional 70 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in shares of KKR & Co. Inc. by 28.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 3,220 shares of the asset manager’s stock valued at $476,000 after acquiring an additional 717 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of KKR & Co. Inc. by 21.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,110 shares of the asset manager’s stock valued at $164,000 after acquiring an additional 199 shares during the last quarter. Guinness Asset Management LTD raised its position in shares of KKR & Co. Inc. by 24.8% in the 4th quarter. Guinness Asset Management LTD now owns 5,789 shares of the asset manager’s stock valued at $856,000 after acquiring an additional 1,151 shares during the period. Finally, UMB Bank n.a. boosted its stake in KKR & Co. Inc. by 3.2% during the 4th quarter. UMB Bank n.a. now owns 54,899 shares of the asset manager’s stock worth $8,120,000 after acquiring an additional 1,705 shares during the last quarter. 76.26% of the stock is owned by institutional investors.

KKR & Co. Inc. Price Performance

NYSE KKR opened at $157.58 on Tuesday. The firm’s 50 day moving average is $152.49 and its 200-day moving average is $134.63. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $139.97 billion, a PE ratio of 47.90, a price-to-earnings-growth ratio of 0.90 and a beta of 1.66. KKR & Co. Inc. has a 12-month low of $80.89 and a 12-month high of $163.68.

KKR & Co. Inc. (NYSE:KKR) last released its earnings results on Thursday, October 24th. The asset manager reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.35. KKR & Co. Inc. had a net margin of 13.21% and a return on equity of 5.77%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $0.73 earnings per share. Equities research analysts anticipate that KKR & Co. Inc. will post 4.13 earnings per share for the current fiscal year.

KKR & Co. Inc. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Monday, November 4th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Monday, November 4th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 21.28%.

Wall Street Analyst Weigh In

Several brokerages have commented on KKR. Keefe, Bruyette & Woods lowered their target price on shares of KKR & Co. Inc. from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Morgan Stanley upped their price objective on shares of KKR & Co. Inc. from $107.00 to $143.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. JMP Securities lifted their target price on KKR & Co. Inc. from $150.00 to $155.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft increased their price target on KKR & Co. Inc. from $158.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Evercore ISI raised their price target on KKR & Co. Inc. from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus target price of $159.07.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.